MultiBillion

Federal Court Overturns Multi-Billion Dollar Verdict in NFL ‘Sunday Ticket’ Legal Battle

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Los Angeles — A monumental $4.7 billion damages verdict against AT&T and the NFL connected to their “Sunday Ticket” subscription service was overturned by a federal judge last Friday. The decision comes after DirecTV, owned by AT&T, faced claims that its exclusive multi-billion dollar deal with the NFL for broadcasting football games breached antitrust laws. The lawsuit, originally filed by bar owners and residential subscribers, contended that the “Sunday Ticket” package was exploiting customers by forcing them to purchase all out-of-market games, even if they only wanted to follow a specific team. Critics of the … Read more

Exploring the Surge in Litigation Finance Amidst Multi-Billion Dollar Mass Tort Cases

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In the bustling world of litigation finance, a relatively new player has emerged, wielding significant capital as it dives into the arena of mass torts. With billions of dollars at stake, this sector is now attracting seasoned investors who see a lucrative opportunity in funding massive, complex lawsuits involving large groups of plaintiffs. The concept of litigation finance is simple yet powerful: third-party funding companies provide the financial resources necessary for plaintiffs to pursue their legal claims in exchange for a portion of the settlement or judgment. These investments can range from financing a single … Read more

Accusations of Impropriety and Sabotage Rock the Road to a Multi-Billion Dollar Merger, Involving Donald Trump and Digital World Acquisition Corp.

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SARASOTA COUNTY, Florida – Accusations of impropriety and sabotage have surfaced in a lawsuit filed in Sarasota County, revealing the turbulent path to a potentially lucrative merger that could earn Donald Trump over $3 billion. Shareholders recently voted in favor of a merger between Trump Media & Technology Group (TMTG) and Digital World Acquisition Corp. (DWAC), the parent company of social media platform Truth Social. With the merger’s approval, TMTG, located in Sarasota, Florida, is set to begin trading on the Nasdaq stock market. This development comes at a time when Trump faces significant legal … Read more

Elon Musk Summoned to Testify as SEC Investigates Multi-Billion Dollar Twitter Move

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Los Angeles, CA – A judge has issued an order for Tesla CEO Elon Musk to appear in court to testify as part of a Securities and Exchange Commission (SEC) investigation into his potential control over Twitter’s operations. The probe centers around Musk’s alleged takeover of the social media platform in early 2022, which reportedly involved a staggering $44 billion. The order signals a significant development in an ongoing legal battle that has drawn widespread attention. The lawsuit, filed by the SEC, seeks to uncover whether Musk violated any securities laws by exerting influence over … Read more